Summary by Futu AI
Bank of Montreal has issued $1.995 million in Autocallable Barrier Notes with Contingent Coupons due July 6, 2026, linked to NVIDIA Corporation stock. The notes offer quarterly contingent coupons of 2.80% (11.20% p.a.) if NVIDIA's stock closes at or above the 50% Coupon Barrier Level on observation dates.Beginning April 2, 2025, notes will be automatically redeemed if NVIDIA stock closes above the initial level on any quarterly observation date. If not called early, at maturity investors receive $1,000 per note unless NVIDIA stock closes below 50% of its initial level, in which case investors lose 1% for each 1% stock price decline.The notes carry credit risk of Bank of Montreal and do not guarantee return of principal. BMO Capital Markets is the selling agent, receiving a 1.875% commission. The estimated initial value is $963.55 per $1,000 note, below the public offering price.